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EU to aid farmers with 300M euros
The European Union plans to allocate €300 million in financial support to farmers affected by the rising cost of fertilizers due to the United States' war on Iran. The goal is to help farmers cope with increased expenses that have led to higher fertilizer prices, especially through the Strait of Hormuz. This aid aims to alleviate the burdens of the crisis that caused the price of nitrogen fertilizers in Europe to surge to around €460 per ton, compared to €380 last winter. This move comes amid pressures to implement measures to address the crisis's impact on the agricultural sector and food markets.
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